Guideline Value for Arun Nagar

Arun Nagar guideline value

The current guideline value of Arun Nagar in Irumpedu village is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Arun Nagar has changed

Over the years, the guideline value for Arun Nagar has seen several revisions. The 2007 revision set the value at Rs 250 per sq.ft, which remained unchanged in the 2012 revision. However, in 2017, the value was reduced to Rs 167 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back to Rs 250 per sq.ft, and the current 2024 revision has maintained this figure, showing no change from the previous year.

In summary, the guideline value has fluctuated significantly between revisions. From 2017 to 2023, there was a notable increase of 50%, but overall, from 2007 to 2024, the value has remained constant at Rs 250 per sq.ft.

Guideline values in Irumpedu

In Irumpedu, eight streets under the Sriperumpudur SRO have a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. Arun Nagar's 2024 value of Rs 250 per sq.ft is above this median.

• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Achari Street: Rs 100 per sq.ft (2024)
• Nadu Street: Rs 110 per sq.ft (2024)
• Perumal Koil Street: Rs 110 per sq.ft (2024)
• Rajiniganth Nagar: Rs 250 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Arun Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arun Nagar?

The Sub Registrar Office covering Arun Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Irumpedu

The guideline value is a crucial factor during the registration process of property transactions in Irumpedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Arun Nagar?

The current guideline value of Arun Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated from Rs 250 per sq.ft in 2007 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024, showing a significant change in 2017 but remaining constant since then.

What is the land classification of Arun Nagar?

Arun Nagar is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property in Arun Nagar?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Arun Nagar located?

The Sub Registrar Office for Arun Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration processes for properties in the area.